Elon Musk has become one of the most influential human beings on planet Earth. It's as though anything he touches turns to gold. His rise to fame, influence, and wealth is truly remarkable. Elon musk in recent times bought over 70 million Twitter shares, 9.2% stake in Twitter, which made him to be appointed as a board member at Twitter.
As we've all known for the longest time now. Elon Musk has been a great supporter of Dogecoin as a cryptocurrency. In fact, he has already started accepting Dogecoin as a payment option in one of his companies - Tesla. As a new board member, he has decided to make a few suggestions for the growth of the Twitter.
Twitter CEO Parag Agrawal was really glad to have Elon Musk as a board member in Twitter, and said that he thinks that Elon will contribute greatly to the board. Not long after being appointed as a board member, Elon Musk made some suggestions to the board, amongst adding Dogecoin as a payment option.
He also mentioned that the cost for subscription should be reduced from 3$ to 2$ monthly. But he also suggested that the 2$ has to be paid for a year - that is 12 months ahead. Although, there hasn't been response from the officials in Twitter yet. There's good news for people who bought Twitter stock.
As Twitter stock price has increased by 25% recently. The influence of Elon Musk has also affected the price of Dogecoin as price has increased too. I really think that Elon Musk's association with Doegecoin and the crypto space is good for more adoption of cryptocurrency. Personally, I think that it's a good time to buy more Dogecoin, as price has a high probability of going up, in some time to come.
This is not meant to be a financial advise. Hence, you should investigate before you make any investment.